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To: huldah1776
I still blame Congress. They didn't have to cave in to Big Retail's demands.

Besides, Government raises fees on stuff all the time and that just falls on deaf ears.

30 posted on 10/03/2011 8:19:43 AM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: Texas Eagle

Big by no means, as a retailer the interchange rates became very important to me when gasoline passed the 3 buck mark. 50% or more of my gross margin on a credit card transaction goes toward these fees. At the current 3.59 per gal closer to 75%.


35 posted on 10/03/2011 8:48:34 AM PDT by hawgwalker
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Take a look at the costs the Banks actually incur to support their debt card transactions. It is fractions of a fraction of a penny per transaction. Banks are raking it in for next to nothing.


38 posted on 10/03/2011 9:25:43 AM PDT by RC51
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